What Next for Scientific Games Corp (NASDAQ:SGMS) Stock After Increase in Shorted Shares?

October 22, 2018 - By Adrian Mccoy

Scientific Games Corporation (NASDAQ:SGMS) Logo

Investors sentiment increased to 1.27 in Q2 2018. Its up 0.35, from 0.92 in 2018Q1. It is positive, as 18 investors sold Scientific Games Corporation shares while 65 reduced holdings. 44 funds opened positions while 61 raised stakes. 56.03 million shares or 4.31% more from 53.71 million shares in 2018Q1 were reported.
Cubist Systematic Strategies Limited Com invested in 32,125 shares. Price T Rowe Assocs Md stated it has 32,593 shares. Schwab Charles Inv Mngmt holds 0.01% or 300,551 shares in its portfolio. Rk Management Limited Liability accumulated 156,300 shares. Royal Bancorporation Of Canada has invested 0% in Scientific Games Corporation (NASDAQ:SGMS). Gru One Trading Lp accumulated 163,546 shares. Mutual Of America Mgmt Ltd Liability Co holds 45,293 shares or 0.03% of its portfolio. Guggenheim Capital Limited Company has 48,940 shares. Wells Fargo & Mn stated it has 247,616 shares. Teton Advisors has 0.09% invested in Scientific Games Corporation (NASDAQ:SGMS) for 21,000 shares. Peak6 Invs Lp invested in 38,620 shares. Hudson Bay Mngmt Limited Partnership holds 0.01% in Scientific Games Corporation (NASDAQ:SGMS) or 12,500 shares. Numerixs Invest owns 10,500 shares or 0.12% of their US portfolio. Invesco holds 204,595 shares. Fine Limited Partnership invested in 18.85% or 3.64M shares.

Since May 4, 2018, it had 5 buys, and 7 selling transactions for $10.90 million activity. 84,174 Scientific Games Corporation (NASDAQ:SGMS) shares with value of $5.04M were sold by Mooberry Derik. SCHWARTZ BARRY F also bought $151,750 worth of Scientific Games Corporation (NASDAQ:SGMS) shares. $2.08M worth of stock was sold by HADDRILL RICHARD M on Monday, May 7. PERELMAN RONALD O also bought $5.55M worth of Scientific Games Corporation (NASDAQ:SGMS) shares. COTTLE BARRY L also bought $332,400 worth of Scientific Games Corporation (NASDAQ:SGMS) on Thursday, August 9. Isaacs Michael Gavin had sold 140,614 shares worth $7.17 million.

The stock of Scientific Games Corp (NASDAQ:SGMS) registered an increase of 4.13% in short interest. SGMS’s total short interest was 7.62 million shares in October as published by FINRA. Its up 4.13% from 7.31 million shares, reported previously. With 1.37 million shares average volume, it will take short sellers 6 days to cover their SGMS’s short positions. The short interest to Scientific Games Corp’s float is 16.49%.

The stock decreased 1.32% or $0.3 during the last trading session, reaching $22.43. About 506,004 shares traded. Scientific Games Corporation (NASDAQ:SGMS) has declined 25.78% since October 22, 2017 and is downtrending. It has underperformed by 41.40% the S&P500.

Scientific Games Corporation develops technology services and products, and associated content for the gaming, lottery, and interactive gaming industries worldwide. The company has market cap of $2.05 billion. The Company’s Gaming segment sells new and used gaming machines, electronic table systems, video lottery terminals , conversion game kits, and spare parts; and slot, casino, and table-management systems, as well as leases VLTs and electronic table games. It currently has negative earnings. This segment also sells and leases table products, such as shufflers; licenses proprietary table games; and provides installation and support services of casino management systems, including ongoing hardware maintenance and software upgrade services.

Scientific Games Corporation (NASDAQ:SGMS) Ratings Coverage

Among 4 analysts covering Scientific Games (NASDAQ:SGMS), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Scientific Games had 4 analyst reports since August 3, 2018 according to SRatingsIntel. The rating was maintained by Jefferies on Tuesday, August 7 with “Buy”. As per Friday, August 3, the company rating was maintained by Stifel Nicolaus.

Another recent and important Scientific Games Corporation (NASDAQ:SGMS) news was published by Nasdaq.com which published an article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Basic Energy Services, Scientific Games, The …” on October 18, 2018.

Scientific Games Corporation (NASDAQ:SGMS) Institutional Positions Chart

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